Avis Malaysia is anticipating a significant increase in demand for electric vehicles (EVs) within the corporate non-commercial leasing sector in 2024, driven in part by favourable government policies. The company's chief executive officer, Mohd Syahrul Yusuf, emphasised that this trend is in line with an expected rise in demand for EV models within the company’s leasing fleet. Speaking to Bernama, he noted, "Using EVs will contribute to corporate ESG (environmental, social, and governance) compliance, while also helping to reduce fuel costs borne by the company for its fleet."
Mohd Syahrul highlighted that while the momentum for EV adoption is strong, it remains closely tied to the development of infrastructure within Malaysia. He stated, “Of course, this will be subject to the readiness of the infrastructure in Malaysia, but the savings will be there.” The company's strategy includes a targeted 10 per cent growth in customer acquisition this year, which encompasses expansion in its car rental business.
The burgeoning demand for EVs is also reflective of broader trends in the transportation and tourism sectors, especially as Malaysia's tourism landscape rebounds post-COVID-19. Mohd Syahrul noted the potential for increased leasing activity, particularly among major projects that typically opt for leasing models rather than outright purchases.
Avis Malaysia operates a substantial fleet of 4,200 vehicles, which encompasses a range of options including standard cars, trucks, buses, and luxury models, catering to diverse operational requirements. Established in 1972, the company has been part of DRB-HICOM Bhd following its acquisition of EON Bhd in June 2014. Currently, Avis Malaysia manages a network of 18 rental locations and two site offices across the country, delivering a comprehensive suite of mobility services that extends beyond vehicle rental to include leasing and fleet management.
Source: Noah Wire Services